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FERC proposes new accounts for the Uniform System of Accounts for renewable assets

Russ Hissom's picture
Owner Utility Accounting Education Specialists - utilityeducation.com

Russ is the owner of Utility Accounting Education Specialists a firm that provides power utilities consulting services and online/on-demand courses on accounting, finance, FERC best-practices,...

  • Member since 2021
  • 93 items added with 23,616 views
  • Aug 5, 2022
  • 695 views

FERC issued a Notice of Proposed Rulemaking (NOPR) for creating these new accounts for wind, solar, and other non-hydro renewable assets, energy storage, renewable energy credits, and technology.

Comments can be made for 45 days after publishing in the Federal Register. 

This is a welcome addition to your chart of accounts and will stop the need to customize account numbers, plus be an aid in performing and refining electric cost of service studies. 

Here's a link to the press release.

https://lnkd.in/gsTbkF4X

 

Russ Hissom

Utility Accounting Education Specialists

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Matt Chester's picture
Matt Chester on Aug 5, 2022

Seems pretty straightforward-- is there any notable opposition to this? 

Russ Hissom's picture
Russ Hissom on Aug 8, 2022

Thanks for the question, Matt. This is long overdue. The most recent version of the FERC USOA is from the 1960's, with a bit of an update in the 1990's for market based activities.

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